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By Mark O'Byrne |
May 14, 2012
Gold has fallen again today and has now erased the gains for the year. Gold edged up in early Asian trading as bargain hunters lifted prices from four month lows, but gains were capped and prices gradually fell and falls continued in European trading.
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By Mark O'Byrne |
April 25, 2012
Gold has been in an incredibly tight range – hovering around the $1,640/oz level this morning as markets await the US Federal Reserve’s decision regarding maintaining ultra-loose monetary policy and further quantitative easing (QE3).
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By Mark O'Byrne |
April 18, 2012
Gold traded sideways prior to gradually creeping up in late Asian trading. It then gave up those gains in European trading and is nearly unchanged from yesterday’s close in New York.
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By Mark O'Byrne |
March 21, 2012
Still stubbornly high oil prices are bullish for gold but have not led to higher gold prices so far. Risk appetite remains high as seen in equity indices near record highs and gold more than 15% below its recent nominal record high.
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By Mark O'Byrne |
May 16, 2011
Gold and silver are lower this morning as the recent bout of weakness continues. Equities in Asia were lower on economic growth and inflation concerns and European indices are also lower as Greek debt talks are in disarray.
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By Mark O'Byrne |
May 13, 2011
Gold and silver are higher this morning with the dollar, the British pound and commodity currencies falling in value. It is too early to tell whether the recent margin driven, paper sell off on the Comex is over but demand remains robust.
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By Mark O'Byrne |
April 26, 2011
Silver and gold are lower today after the record nominal highs seen yesterday - gold marginally and silver significantly. Gold reached $1,518.30 per troy ounce, a nominal record, while silver climbed to $49.79 per ounce.
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By Mark O'Byrne |
April 11, 2011
Silver's nearly 3% surge in trading in Asia may indicate that the long expected short squeeze may be underway. Bullion banks with large concentrated short positions may be being forced to buy back their short positions - propelling silver higher.
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By Mark O'Byrne |
March 7, 2011
Concerns about Libya, Saudi Arabia and the Middle East and North Africa continue to dominate markets. There are growing concerns of oil supply disruptions from the region. Oil and gold have risen and silver for immediate delivery surged 2.3%.
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By Mark O'Byrne |
January 13, 2011
Gold and silver have fallen by less than 1% in all major currencies today. Asian equities were mixed with strong selling seen in India and European equities and US index futures are tentatively higher.
